2389 AIR PARK RD Rhinelander, WI 54501
COMMERCIAL - Rhinelander, WI
Property Features for 2389 AIR PARK RD
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- Lot size
- 3.64 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Doc 846393/813299 PT NW NW 3.64SA EXC V876-148 & DOC 559337 SEE RMNDR PCL SM A1127 SEE SM C2845
- Tax Annual Amount
- 18933
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Flooring type
- Concrete, Carpet
- Building materials
- Brick, MetalSiding, Steel
- Roof type
- Metal
Listing agent DEBORAH MANN License #73216 - 94 (715) 499-4470
Listing office SHOREWEST - RHINELANDER 601 Lincoln St PO Box 816, Eagle River, WI (715) 369-1223
Listing date Jan 21, 2026
Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The facility has 5 dock doors and one 12-foot overhead door. Paved parking is available on-site, supporting day-to-day operations and customer or employee access. Zoned General Industrial. Buyers should verify all information, including square footage.
Key Highlights
- General Industrial zoned industrial warehouse on 3.636 acres in Rhinelander’s Industrial Park adjacent to the airport
- Approximately 12,400 SF warehouse with 17‑foot ceilings, plus approximately 4,200 SF office space with break room, conference room, and private/open offices
- Loading includes 5 dock doors and one 12‑foot overhead door
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.5k | $6.84 |
| − Vacancy | −$7.7k | −$0.47 |
| EGI | $105.8k | $6.37 |
| − OpEx | −$37.0k | −$2.23 |
| NOI | $68.8k | $4.14 |
